MISSISSIPPI FARM BUREAU FOUNDATION & RELIEF FUND INC (EIN 208612993) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

KALEB DEESE CPA

Phone

6019573200

Tax Period

2024-11-01 to 2025-10-31

MISSISSIPPI FARM BUREAU FOUNDATION & RELIEF FUND INC, founded in 2007, is a small nonprofit in the Education sector that reported $416K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $628K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO PROVIDE FUNDS FOR EDUCATION AND RESEARCH IN AGRICULTURE IN MISSISSIPPI.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $396,984

Program Service Revenue $0

Investment Income $19,457

Other Revenue $0

TOTAL REVENUE $416,441

Expense Breakdown

Grants Paid $59,352

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $615,410

Other Expenses $568,438

TOTAL EXPENSES $627,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$416,441	$455,622	-0.1%
Expenses	$627,790	$651,101	0.0%
Net Income	$-211,349	$-195,479	+0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$881,666

Total Directors

$881,666

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MCCORMICK	PRESIDENT	2.00	Officer Director	$0	$47,694	$341,369
REGGIE MAGEE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENT BLOODWORTH	SECRETARY	1.00	Officer Director	$0	$70,184	$305,913
HUGH BECKHAM	DIRECTOR	1.00	Director	$0	$0	$0
LONNIE FORTNER	DIRECTOR	1.00	Director	$0	$0	$0
JACK PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
KALEB DEESE CPA	TREASURER	2.00	Officer Director	$0	$72,644	$234,384

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$416,441	$627,790	$3,905,995	$-211,349
2024	$455,622	$651,101	$4,079,373	$-195,479
2023	$860,784	$680,679	$3,593,825	$180,105
2022	$1,428,537	$833,023	$3,815,540	$595,514
2021	$1,058,439	$1,043,576	$3,163,541	$14,863
2020	$942,813	$824,678	$3,206,837	$118,135
2019	$520,265	$479,043	$3,098,397	$41,222
2018	$528,206	$582,867	$3,126,685	$-54,661

MISSISSIPPI FARM BUREAU FOUNDATION & RELIEF FUND INC